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The oil and gas industry is the backbone of Louisiana’s economy.
And nowhere is that more true than in south Louisiana, where so many of our businesses rely — directly or indirectly — on the industry.
American Midstream Partners said on Tuesday (July 15) it would spend $115 million to buy an Alabama natural gas plant as well as offshore oil and gas pipeline from a competitor, adding to the company's existing oil and gas infrastructure in southeast Louisiana.
Goodrich Petroleum Corp. said on Monday that it has finished drilling another successful well in the emerging Tuscaloosa Marine Shale reservoir near the Louisiana and Mississippi border. The Houston-based company said it plans to add two drilling rigs in the area by the end of the year.
In a July 7 release, Goodrich told investors the East Feliciana Parish well, known as Beech Grove 94H-1, is producing about 672 barrels of oil and 412,000 cubic feet of natural gas per day.
U.S. Sen. Mary Landrieu, D-La., and oil and gas officials Monday challenged the government agency writing the nation’s next five-year energy exploration plan to expand offshore drilling to federal waters off the East and West coasts and offshore Alaska.
“The U.S. has a bountiful resource, much of which is untapped,” said Kent Satterlee III, manager of offshore regulatory policy for Shell Upstream Americas.
Hoping to make dredging Louisiana ports a higher priority, Sen. Mary Landrieu, D-La., added language to a pending spending bill that would require the Army Corps of Engineers to factor the value of goods used in offshore oil and gas exploration in setting funding priorities.